The Warriors will not pick up their fourth-year option on forward Kevon Looney, Chris Haynes of ESPN tweets.

The decision doesn’t come as a surprise, since Looney isn’t part of the rotation and the Warriors need to watch their spending. As Bobby Marks of ESPN points out, Golden State already has $127MM in contract guarantees for next season. By allowing Looney to become an unrestricted free agent after the season, the Warriors will clear $2.3MM off their books.

By declining the option, the Warriors can only offer him a first-year salary of $2.3MM or less in free agency.